KEY EVENTS

In January, amendments to the Law of the Republic of Kazakhstan “On Pension Security in the Republic of Kazakhstan” entered into force. If one side of a civil contract is a tax agent (legal entities, individual entrepreneurs and private practitioners), it makes compulsory pension contributions from income paid to freelancers. If contract is concluded with an individual who is not a tax agent, then the payment of compulsory pension contributions becomes a right, not an obligation.

From January 1, the Unified Cumulative Payment (CAP) was launched.

From January 8, the individual pension accounts for accounting on compulsory pension contributions opens automatically upon receipt of the first installment. To open accounts on compulsory professional pension contributions and voluntary pension contributions person should contact UAPF.
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UAPF and E-notary information systems were integrated
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By the decision of the Board of Directors of JSC "UAPF" (Protocol No.1 from March 29, 2019), the authority of Nurbubi Nauryzbaeva was terminated from April 1, 2019. Zhanat Kurmanov was appointed chairman of the UAPF.
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On April 12, 2019, Board of Directors of JSC "UAPF" (Protocol No.2 from April 12, 2019) decided to submit issues of JSC "UAPF" Sole Shareholder's competence in the manner established by the legislation of the Republic of Kazakhstan and the Charter of the JSC "UAPF".

On May 31, 2019, the sole shareholder of the JSC "UAPF" (Resolution №77 of the National Bank Board from 31.05.2019) made the following decisions:
1. To approve the annual financial statements of UAPF for 2018, including audited statements on equity and pension assets.
2. Direct UAPF net income for 2018 to the statutory goals.
3. Take note:
1) Deloitte LLP report on the results of the audit for 2018;
2) information about the absence in 2018 of appeals of the sole shareholder on the actions of the Company and its officials;
3) information about the size and composition of UAPF Board of Directors and UAPF Management Board members for 2018;
4) UAPF report for 2018, including the report on the activities of UAPF Board of Directors for 2018.

By the decision of the Sole Shareholder of JSC "UAPF" (Resolution №76 of the National Bank Board from 31.05.2019), UAPF Board of Directors members' (Nurbubi Nauryzbaeva and Dina Galiyeva) authorities were terminated. From May 31, 2019 Deputy Chairman of the National Bank Eszhan Birtanov and Chairman of JSC "UAPF" Zhanat Kurmanov are elected to UAPF Board of Directors.

By the decision of the Board of Directors of JSC "UAPF" (Protocol No.3 from June 28, 2019):
1. Birtanov Yeszhan Amantayevich - Deputy Chairman of the National Bank of the Republic of Kazakhstan was elected Chairman of the Board of Directors;
2. Elected to JSC "UAPF" Board:
- Madiyeva Aizhan Maratovna (Deputy Chairman of the Board) - from July 1, 2019;
- Sarsenova Natalia Vasilyevna (Managing Director) - from July 22, 2019;
- Dybyspayev Kanat Bolatzhanovich (Managing Director) - from July 15, 2019.

The sole shareholder of the JSC "UAPF" (Resolution №111 of the National Bank Board from July 2, 2019) made the following decision: from July 2, 2019 Yelemesov Askar Raushanuly was elected as an independent director of the UAPF Board of Directors.

On February 13, 2018, the Board of Directors of UAPF JSC approved changes to the policy of investing UAPF own assets,
invalidated the Rules on the disposal of fixed and intangible assets, inventory items (inventories) and receivables from the balance sheet of UAPF. Also the Board of Directors reviewed and noted the Report on the evaluation of the Fund’s services to the risks of money laundering and terrorist financing (ML / TF), as well as the risk levels of clients (depositors / recipients) for 2017.

On February 13, 2018, Kelimbetov Kairat Nematovich removed from the Composition of the Committee for Strategic Planning under the Board of Directors of UAPF JSC, Beketaev Ruslan Bakytzhanovich was excluded from the Composition of the Audit Committee. Also to the Committees under the Board of Directors were added new members:
1) Svetlana Zhakupova, Vice-Minister of Labor and Social Protection of Population of the Republic of Kazakhstan to the Composition of the Committee for Strategic Planning
2) Nicolay Kadyukov, Deputy Minister of Public Administration Republic of Kazakhstan to the Composition of the Audit Committee.

Since January, payments from the UAPF are scheduled on a monthly basis.

A gradual increase in the retirement age of women begins.

In early February, the UAPF updated the site design.

The UAPF launches the “Self-Service Terminal” project in 18 regional branches of the Fund.

UAPF launches Mobile Office for distant locations.

On April 16, the first departure of the UAPF Mobile Office took place.

In March, the UAPF successfully passes an audit of the Quality Management System for compliance with the requirements of ISO 9001: 2015.

The UAPF signs a Memorandum of Cooperation and an Action Plan with Kazpost JSC.
In May, the UAPF launched a Telegram bot.

Since July, the procedure for the appointment of a basic pension has changed, the amount of which is now tied to the work experience and the experience of participation in the pension system.

In July, the UAPF announced a new remote channel for interaction with both locale and located abroad consumers via WhatsApp (8-777-000-1418).

Launching a composite service. From 11.10.2018 retired by age for assigning pension payments and state basic pension payments, as well as for receiving pension payments due to mandatory types of pension contributions from the UAPF, should apply with a single application and package of documents only in the Public Service Center of the State Corporation Government for Citizens.

On October 19, 2018 the Board of Directors of UAPF JSC approved Amendments and additions to the UAPF Development Plan for 2017–2021 according to the budget and investment plan for 2019.

The Resolution of the Board of the National Bank of the Republic of Kazakhstan (October 29, 2018, No. 279) establishes the following commission rates of the UAPF JSC for 2019:
1) 5.0 percent of the amount of investment income;
2) 0.015 percent per month of pension assets.

On December 26, 2018, the Law of the Republic of Kazakhstan “On Pension Security in the Republic of Kazakhstan” introduced amendments aimed at simplifying the procedure for paying mandatory pension contributions by freelancers under civil law agreements (GPC).

By the decision of the sole shareholder of JSC "Unified Accumulative Pension Fund" (Protocol No. 10 of the NBRK's Board from January 28, 2017) Nurbubi Serekkhazhievna Nauryzbaeva was elected a member of the Board of Directors and Chairman of the Board of the JSC "UAPF"

On February 16, 2017, the first meeting of the Public Council under the UAPF was held and the composition of the Council was approved.

By the decision of the sole shareholder of JSC "UAPF" (Resolution No. 125 of the NBRK's Board from June 30, 2017), a new Board of Directors of JSC "UAPF" was elected.

On August 2, 2017, Galinaeva Dina Tuleubekovna, Deputy Chairman of the National Bank of the Republic of Kazakhstan, was elected Chairman of the Board of Directors of JSC "UAPF".

On November 2, 2017 by the decision of the sole shareholder of JSC "UAPF" (Resolution №198 of the National Bank Board from 02.11.2017) changes and additions to Regulations on Board of Directors of JSC "UAPF" were approved.

On December 22, 2017, JSC "UAPF" the sole shareholder in accordance with the resolution of the National Bank Board №265 approved: 1) changes in JSC "UAPF" Charter; 2) changes and additions to JSC "UAPF" Corporate Governance Code; 3) changes to Remuneration and Compensation Payable Rules to Independent Directors - Members of JSC "UAPF" Board of Directors; 4) LLP Deloitte as an audit organization for auditing financial statements of JSC "UAPF" for 2017.

Since 1 January 2016 all employees of power structures, regardless of the length of service, pensions will be carried out from the republican budget.

In February 2016 UAPF launched a new website

On August 10, 2016 all activities on return of 50 percent of mandatory pension contributions to the national budget, listed earlier from the budget in favor of the military, were completed.

In November 2015 it was decided to decrease the value of commission fees of JSC «Unified Accumulative Pension Fund" on 30% of the investment income and 10% of the pension assets.

On September 25, 2015 JSC "Unified Accumulative Pension Fund" of the Republic of Kazakhstan (UAPF) was accepted as a full member of the International Association of Pension and Social Funds (MAPSF).

On July 9, 2015 Kazakhstan Senate deputies approved the bill "On amendments and additions to some legislative acts of Kazakhstan on pensions".

On June 3, 2015, new membership of the Board of UAPF was elected and appointed Yerdenayev Ruslan Serikovich as a Chairman of the Board of the Fund.

In February 2015 UAPF integrated information systems with e-government portal, which gave depositors an opportunity to obtain all information about their accounts in one click.

Since 1st of January 2014, the UAPF has become a full member of the FIAP.

July 2, 2013: the Law of the Republic of Kazakhstan “About Pension Provision in the Republic of Kazakhstan” in a new edition was put into force.

July 31, 2013: Unified accumulative pension fund JSC was established by the Resolution № 747 of the Government of the Republic of Kazakhstan.

August 22, 2013: reregistration of the GNPF with the Justice Authorities was made due to renaming thereof to ENPF JSC. ENPF JSC started its work.

August 26, 2013: the Agreement on Government Procurement of Services for Trust Management of Pension Assets of UAPF JSC was concluded with the National Bank of the Republic of Kazakhstan.

August 27, 2013: the Custodial Services Agreement was concluded between the National Bank of the Republic of Kazakhstan and UAPF JSC for safekeeping and administration of financial instruments and cash.

September 24, 2013: the National Bank of the Republic of Kazakhstan approved the schedule of acceptance of the pension assets and liabilities under the Pension Agreements to the Unified accumulative pension fund from accumulative pension funds.

On March 12, the Resolution of JSC ‘State Accumulative Pension Fund’ Shareholder to change the size of commission fees: commission on investment income – from 15% up to 12%; from pension assets – from 0.0475% to 0.0375% per month, has entered into force.

As of June 1, the Fund has become the leader in terms of investment income over 12 months (K2 moderate portfolio) equal to 4.86%.

On September 24, the Fund marked its 15th year of operation in the market.

As of March 1, total pension assets of SAPF have exceeded 300 billion tenge.

For 8 months, net investment income of SAPF has made 14 845 668 000 tenge, the highest figure among all Accumulative Pension Funds in Kazakhstan in absolute value.

In December, Quality Management System (QMS) of the State Accumulative Pension Fund was successfully audited against compliance with requirements of the international ISO 9001:2000 standard.

On May 31, the European Bank for Reconstruction and Development joined the shareholding structure of SAPS.

In July, the Fund was successfully audited for re-certification of quality management system on compliance with the requirements of ISO 9001: 2000 standard.

In August, the Kazakhstan Stock Exchange (KASE) recognized SAPF as the securities market leader among non-banking brokerage and / or dealer organizations following the results of 2006.

Since January, guided by the interests of depositors, SAPF was the first and only among all the pension funds to reduce the amount of charged commissions on pension assets up to 0.0475 %.

The Kazakhstan Association of IT companies, Association of Kazakhstan Financiers with the assistance of the Committee for Intellectual Property Rights of the Ministry of Justice of the Republic of Kazakhstan have granted SAPS with the Territory Free of Unlicensed Software Certificate.

On February 1, JSC State Accumulative Pension Fund has changed its name to JSC ‘Accumulative Pension Fund ‘SAPF’.

In November, in Brussels (Belgium) SAPF was awarded EuroMarket Award prize for its contribution to the development pension sector (capital management) of Kazakhstan.

On November 25 Memorandum of Intent of European Bank for Reconstruction and Development to enter into equity of SAPF was signed.

In October, the National Bank of the Republic of Kazakhstan had become a shareholder of SAPF along with the Government of the Republic of Kazakhstan.

SAPF used to operate within the ‘Default Fund’ mode: compulsory pension contributions had been transferred by employers to SAPF if employees failed to select a fund and sign a contract with any pension fund.

On August 11, SAPF was the first in the history of accumulative pension system to obtain a license for independent management of pension assets.

A network of representative offices of the Fund in the regions of Kazakhstan started to develop and rise.

First pension contribution in the history of the accumulative pension system of Kazakhstan was made.

SAPF used to operate within the ‘Default Fund’ mode: compulsory pension contributions had been transferred by employers to SAPF if employees failed to select a fund and sign a contract with any pension fund.

On May 12 Concept of the Kazakhstan pension reform approved by the Decree of the Government of the Republic of Kazakhstan which provided for establishing of CJSC State Accumulative Pension Fund was developed and adopted.

On June 20, the Law On Pension Provision in the Republic of Kazakhstan came into force.

On September 24, the Decree of the Government of the Republic of Kazakhstan On Establishment of the Closed Joint-Stock Company State Accumulative Pension Fund was adopted.